(Agrimoney) The US snowstorms which prompted fears of losses of up to 4m tonnes in output prompted a deep cut in hedge fund bets in wheat – in a move that could create scope for fresh selling, after damage estimates waned. However, in soft commodities, selling continued for a 10th successive week, the longest such spree on record, with hedge funds turning net short on sugar for the first time since 2015.
Hedge Funds ‘May Turn Sellers’ In Wheat. But Will Sugar Get Back In Favour?
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